Large Storage Unit Near
701 240th Avenue Arnolds Park, IA 51331
701 240th Avenue, Arnolds Park, IA, 51331
$185,000
For Sale
$185,000
COMMERCIAL - Arnolds Park, IA
Property Size1,750 SF
Price / SF$105.71
Days on Market443
Property Features for 701 240th Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 0729478012
- Size
- 1,750 SF
Taxes and HOA fees
- Tax Year
- 2023
- Tax Description
- Contact agent
Utilities
- Sewer type
- Public Sewer
- Heating system
- Radiant
- Water source
- Public
Building Details
- Year built
- 1994
- Building materials
- Metal Siding
- Roof type
- Metal
Listing Agency
Keller Williams Okoboji
(712) 340-7900
565 Hwy 71 S Unit 2, Sioux City, IA
Listed by
George Carlson · License #S70587
(712) 320-4994
Added: May 2, 2025 Checked: Jul 18 at 1:06 pm
MLS# 250482
Copyright © 2026 Iowa Great Lakes Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,750 sq ft storage unit is located in Arnolds Park, Iowa, and offers convenient access to the water. The versatile space includes heat and electricity, with stubbed-in water and plumbing. It features 14-foot high overhead doors, suitable for large vehicles, boats, or RVs. This unit provides space, convenience, and flexibility.
Key Highlights
- Large 1,750 sq ft storage unit.
- Conveniently located close to the water.
- 14‑foot high overhead doors for easy access with large vehicles, boats, or RVs.
Local Financial Insights For Self Storage
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $23.1k | $13.20 |
| − Vacancy | −$2.0k | −$1.12 |
| EGI | $21.1k | $12.08 |
| − OpEx | −$6.3k | −$3.62 |
| NOI | $14.8k | $8.45 |
1,750 SF · lease $13.20/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Self Storage
$211.4K
$185.0K – $246.6K
NOI $14,796 @ 7.0% cap · market cap 8.00%
Second Best
Industrial
$113.3K
$99.1K – $132.2K
NOI $7,929 @ 7.0% cap · market cap 4.29%
Theoretical Best
Office A
$382.8K
$335.0K – $446.6K
NOI $26,796 @ 7.0% cap · market cap 14.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Self storage facilities
Similar For Sale Nearby
FAQs
What type of property is this?
Self storage facility - 1,750 sq ft storage unit with heat and electricity.
Where is this self storage facility located?
The property is located at 701 240th Avenue Arnolds Park, IA.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: Large 1,750 sq ft storage unit.; Conveniently located close to the water.; 14‑foot high overhead doors for easy access with large vehicles, boats, or RVs.
